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News & Current Events Apr 16, 2026 at 11:03 AM

Europe has 'maybe 6 weeks of jet fuel left,' energy agency head tells AP

Posted by yahoonews

AP Exclusive: Europe has 'maybe 6 weeks of jet fuel left,' energy agency head warns
Yahoo News
AP Exclusive: Europe has 'maybe 6 weeks of jet fuel left,' energy agency head warns
Europe has “maybe six weeks or so” of remaining jet fuel supplies, the head of the International Energy Agency said Thursday in a wide-ranging interview, warning of possible flight cancellations “soon...
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Broad-Lobster7470 3 days ago +6135
Why is this not talked about yet. And why is the stock market at all time highs with this happening??
6135
bringing_rain 3 days ago +2929
In fact markets are back up since the start of this conflict. Just like how the pandemic dip was quickly reversed. And how the dollar is stronger. People truly have nowhere else to put their money and there is record money looking to be invested.
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lethargy86 3 days ago +376
I’m amazed oil futures are only 90 dollars right now Yeah, that’s up 50% over last year, but if anything prices went down since US blockade. Is the market dumb, or am I…
376
ForceAdmirable 3 days ago +343
It's been a few years now that the world of investment doesn't really track anymore with the real world. It's two seperate entities. Stuff in the real world that should impact investments doesn't impact it and vice-versa.
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TelluricThread0 2 days ago +35
The stock market is literally made up and runs on speculation aka vibes.
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ProudWheeler 3 days ago +143
Covid was on instigator of that. Or at least of the ridiculousness and the complete detachment of reality that we see now. Another thing that I think people forget is how much people are getting swindled by the “meme” stocks and meme coins and other stupid investments. A ton of younger people are throwing a lot of their money at these rug pulls. I think when the GameStop short squeeze hit the mainstream (and ultimately failed due to manipulation), getting large groups of people to quickly invest in the next get rich quick scheme became a hot new way to steal from lower class Americans.
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ForceAdmirable 3 days ago +71
It's older than Covid, Covid was just the first time normal people noticed it.
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mgslee 2 days ago +9
Id argue Tesla was the first even if people didn't know what they were looking at. Even though I think people learned the wrong lesson and are just looking for the next Tesla c*****
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FancyPantsRants1 3 days ago +40
I would argue this goes back to the 70s crash. When the market returns to normalcy within 18 months of a major crash there is little to no reason to worry. Its all about mentality as the market is a gauge of mentality over true performance. IF everyone believes it will be fine, it will be. If we dont, it wont. Thats how any economy works if we are being honest. If tomorrow everyone lost faith in the dollar, then it doesnt matter if good are still being created and money still being spent, the dollar would collapse.
40
ArenjiTheLootGod 2 days ago +11
The market is basically a mood ring for rich people's feelings and a higher than average amount of people in that group are Trumpers so it being utterly detached from reality is unsurprising.
11
JohnHazardWandering 3 days ago +52
> Is the market dumb, or am I… Sometimes it's just a question of who has the financial backing to be dumber, longer. 
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birdperson_012 2 days ago +5
That's......actually a pretty concise and cogent summary lol
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Halbaras 3 days ago +47
The thing is, physical oil is selling for upwards of $120 currently. Usually oil futures are pretty similar to the spot price as oil one month in the future doesn't have a particular advantage over oil now. The current $30 gap is fairly insane. Speculators are gambling on flows through the strait being fully restored in the next month (it's also possible that one or more governments are deliberately shorting futures). But that gap will close pretty brutally if traffic through the strait remains a fraction of what it was before.
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flatfisher 2 days ago +7
I don’t think it’s only speculators. If that price was not a consensus in the oil industry imagine the insane volume of gambling on the sell it would take. If it was such a bargain every oil company would be rushing to buy these futures to secure a d******* and avoid paying a high spot price. That’d mean an actor is taking a gigantic multi billion gamble that the spot will be way lower than $90 in one month (because if you are selling a contract at $90 it actually means you bet the price will be lower than that to turn a profit).
7
e_sandrs 2 days ago +17
Someone else can attribute the quote: "The market can stay irrational longer than you can remain solvent"
17
I_Enjoy_Beer 3 days ago +890
Yeah we put so much money into the hands of the investing class over the last 15 years that it has to go somewhere.  Its why Tesla is so high against all logic.  Its why crypto and NFT apes saw skyrocketing "investment".  Markets have been based on vibes for quite some time.
890
bringing_rain 3 days ago +250
And we tied the common person’s retirement to the market (and for the better, as they’ve outperformed traditional, non-invested pensions by quite some margin). The K-shaped economy is real and Gen Z is investing at a higher rate than predecessors. Those with the nice college jobs in white collar fields are thriving, the rest not so much.
250
pchs26 3 days ago +198
This isn't 1975. In the US those with nice college jobs in white collar fields aka the middle and working class are absolutely **not** thriving when they are being targeted with rampant layoffs, long-term unemployment/forced retirement (aka jobless/broke), and their earnings have not kept up with inflation. Furthermore, gambling on the stock market for most of those people, based on their average earnings/median salary is absolutely counter what they should be doing because if they lose their principal which is insufficient alone, they can't retire - at all and depending on familial status- will be on the streets. The stock market is a full gamble, the wealthy know this and the savvy ones don't have themselves set up to lose their principal with a plunge, the remaining people have no retirement either way and are squeezed. But no this market is absolutely not good for the middle class white collar worker. It is horrifically awful.
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ImmanuelCanNot29 3 days ago +21
> Gambling on the stock market for most of those people, based on their average earnings/median salary is absolutely counter what they should be doing because if they lose their principal which is insufficient alone, they can't retire - at all and depending on familial status- will be on the streets. The stock market is a full gamble, the wealthy know this and the savvy ones don't have themselves set up to lose their principal with a plunge This is about the average listnook understanding of the market and the world.
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1HappyIsland 3 days ago +6
You don't remember 1975.
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MetalliTooL 3 days ago +15
You’re talking about options betting not regular investing.
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chuppapimunenyo 3 days ago +42
On average i think most people are certainly struggling to "PROSPER". Specially those in lower+upper middle class. Cost of living is less affordable than ever. I feel lucky with the decisions i've made in the last decade. I've had the same job since around 2016, and in 2019 i took all the money i had saved and purchased a "c****" 1 bedroom condo for around 200k @ 2.9% interest. I was able to sell this 1 bedroom condo for a ridiculous $530k this year. Before selling, I took out a HELOC against the condo, used the HELOC as a down payment on a "started family home" and I still walked out with around 200k to re-invest. Granted I now pay like $3k a month on my new mortgage. (I live in the tri-state area, not NYC). THE ONLY REASON i was able to do any of this, is because I was able to live with my parents during college years, work after school to help pay for my student loans as well and finished college almost debt free. (had like 15k left to pay). I also didn't do a 4 year expensive degree i did a 2 year technical program that was very field specific. I feel like if any single decision i made was different, i would have ended nowhere near where im at today. There was no margin for error in life these days.
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pchs26 3 days ago +23
Yes those all involved certain levels of privilege and choice. The housing market is absolutely unseemly. If we wanted to buy in the very middle class neighborhood that my SO moved to in the late 80s (and the mortgage was paid by a non tenured teacher, who took the job after being a SAHM for more than 15 years) and his very blue collar worker father with sporadic low income, a house needing **significant** work would be well over $1M. It is unapproachable for DINKs with advanced degrees and career progress, unless we don't follow a sense of fiscal responsibility (and FTR that is a choice most people make, which makes the temptation to gamble stronger)
23
Diebrate 3 days ago +9
If you don’t invest, your cash money is 100% going to devalue anyway.
9
lune19 3 days ago +14
A trader in 2008 said on national tv in the UK, that every single crisis was a great opportunity for them to cash in plenty. That wasn't expected, and showed how f***-up the capitalism is. This is why we have crisis on regular basis, driven by banks
14
unlmtdLoL 3 days ago +12
It’s all rigged. I’m convinced that after the 2008 crisis they rigged it because they lost too much money. You have hedges hedging the hedgers so someone always eats the loss but cycle the money right back in.
12
Fli_fo 3 days ago +23
Stock owners know that governments will print heaps of money again. So even if stocks fall it's better then staying cash and seeing the value evaporating. I sold half of my stocks and I'm already sorry since it bounced back.
23
muehsam 3 days ago +28
> People truly have nowhere else to put their money and there is record money looking to be invested. *People* have lots of places to put their money. But most people just don't have enough money to put anywhere. The very rich have so much money that they don't know where to put it.
28
SteveUnicorn99 3 days ago +111
Bunch of traders missed the Covid rally and determined they would never miss another one.
111
ricktencity 3 days ago +283
I'm more and more convinced the stock market runs a lot more on vibes and less on reality than anyone wants to admit.
283
monty845 3 days ago +78
Its not just the stock market. The entire world financial system and economy runs on vibes. As long as people still think the currency has value, and that the bonds are valuable, countries can keep printing money and borrowing infinitely. There is no rule of physics that will step in and correct things, as long as people keep believing. Though, it does mean the hole we will find ourselves in if people every stop believing is that much bigger.
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Peakychu6 2 days ago +20
I am convinced the stock market and the entire financial system stopped acting as a mere group of actors who speculate on the state of the economy and other matters right after COVID and began acting as an activist block, in a “billionaires vs the world” kind of way. The market reacts as a way to try to force certain things to happen now. For example when Joe was president it was all doom and gloom and many banks circulated memos saying “we’re pretty sure we’re about to hit a recession” **every.single.month** for two years. Yet it never happened. Now that we have a guy on top that’s all about enriching them they’re all gung-ho about the economy despite amazingly stupid things taking place.  I remember when a few evil CEOs said out loud “we need more unemployment so the pawns learn their place”…. And less than a year later, here we are 
20
merryblue419 3 days ago +53
The documentary Titans: The Rise of Wall Street on Netflix shares a few examples of this. JFKs father made it big when he was hired by another man to help defend his company from a hostile takeover. Kennedy rented a hotel room and started making calls to newspapers to spread the rumor said company was not doing well. It ended up working. Edited to include name of documentary😂
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Lopsided-Sentence567 3 days ago +29
> The documentary Which?
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Admirable_Market_285 3 days ago +29
you know, THE documentary
29
PiccoloAwkward465 2 days ago +4
Finding Nemo
4
jert3 3 days ago +8
The reality is worse though: its not on vibes, the game is rigged, and the owners of the game basically have an infinite money making machine. When you have many billions of dollars you can manipulate the market to your gain about 99 times out of a 100 (moves.)
8
figurative_capybara 3 days ago +34
Eh, if you look at the value:profit ratio of stocks it's been fairly clear we disconnected reality from market index a long time ago.
34
aethelberga 3 days ago +11
It's socially acceptable gambling and no one will convince me otherwise.
11
lNFORMATlVE 3 days ago +6
It’s been this way for at least 100 years or so.
6
EndOfDecadence 3 days ago +411
Yeah I'm also baffled by this. I'm in a petrochemical related field and everyone is freaking the f*** out, price increases and force majeure clauses everywhere. Outside nobody seems to care, politicians hardly talking about it. Wtf.
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Broad-Lobster7470 3 days ago +191
Seems like we are all just collectively burying our heads in the sand and we are not gonna like our reality soon. Then we can all act surprised when a McDonald’s burger costs 40’dollars.
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Bipogram 3 days ago +29
Humanity is really good at burying our collective heads in that sand.
29
DashingDino 3 days ago +10
Ok so what should be done about it? Nobody can magically restore oil production and global trade in 6 weeks.
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Filias9 3 days ago +79
Countries printing money. Money ends at couple of people who are also extracting more and more money from companies. A lot of cash. No one knows what to do with it. So they put them in stock market and housing. ROA there is insane. Detached from real world. Solution would be tax some of them and redistribute money via public investments, but taxes for corporations and capital gains are going down rapidly instead. So world is burning, real economies are crumbling, but stock markets and housing prices are all time high.
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EndOfDecadence 3 days ago +44
Yup, until the bubble pops.
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BoldThrow 3 days ago +21
It will be like the Dotcom crash on peptides.
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EndOfDecadence 3 days ago +13
Well, if it takes AI with it, during this administration, I'd say we have a new 2008 on our hands.
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jacksbox 3 days ago +17
I've heard by some metrics we never even recovered from 2008. So that would be interesting I guess.
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TheGringoDingo 3 days ago +10
A lot of money was printed to get out of 2008, which is also where all the initial interest in crypto happened. Safe to say, 2008 is still alive and well. It adds to the suckiness that those entering the adult workforce after 2008 have never had real money during a truly functioning economy. Count me in that camp.
10
SuperVaderMinion 3 days ago +17
Except for the most part the Obama administration handled that crisis well and kept us out of a full blown depression, I have zero faith that Trump's team will do the same when they can't even be honest about employment numbers
17
MiserableTennis6546 3 days ago +11
But also, very high oil prices and profits in parts of hydrocarbon sectors means a lot of petro dollars have to be invested somewhere.
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ZedsFiction 3 days ago +18
Panem et circenses
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tlst9999 3 days ago +20
There's no panem. Just circenses.
20
Klutzy_BumbleFuck 3 days ago +7
I can’t afford either one.
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Labatt_Blues 3 days ago +9
Plastics?
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EndOfDecadence 3 days ago +11
Lubricants
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Labatt_Blues 3 days ago +12
Plastics is the same. It’s brutal right now. Everyone on allocation, getting exported to highest bidder.
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EndOfDecadence 3 days ago +7
I've heard plastics is worse then lubricants currently. At least you can do a lot in your machine to prolong oil life or something. Different when you need raw materials. Good luck.
7
redredme 3 days ago +10
Panic. Dont talk about it because it can result in panic and other weird shit.
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EndOfDecadence 3 days ago +14
But the costs will start hitting consumers pretty soon.
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AndyTheSane 3 days ago +9
Or just "why are all the flights cancelled" or "why are all the petrol pumps empty".
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EndOfDecadence 3 days ago +6
Especially the latter will result in pretty much society wide panic.
6
ChemicalBus608 3 days ago +31
It has been talked about. Some countries are asking workers to work from home, car pool or use public transportation. There was a video on YouTube about why this is not being addressed more widely. Conclusion - the powers that be dont want people to panic because stocks and money.
31
Chuckieshere 3 days ago +81
Its been honestly tough to rationalize. The fertilizer situation is also borderline unrecoverable for this year and it seems like not many people care? Between India and south east Asia there are going to be massive shortages and growing season is starting. Rice needs to be planted in about 45 days and right now theres no solution at all
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Broad-Lobster7470 3 days ago +8
Going to be very tough for a lot of people to get enough food this year. 😢
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No_Eggplant5971 2 days ago +15
A commentator on Al Jazeera said that already millions in Africa will die of hunger. The fertiliser disaster has already happened.
15
Latter-Corner8977 3 days ago +123
It is in my industry. People are losing their jobs in light of revised financial projections over the instability caused by the Americans. There’s high level of concern and I’m regularly hearing from colleagues that they’re struggling to sleep at night from the worry. It’s not widely circulated in the media. Presumably to help prevent panic.
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anuthertw 3 days ago +24
What do you think things will look like in 6 months if current happenings stay on this trajectory?
24
Kevin-W 3 days ago +32
If air travel starts shutting down, you’ll see a massive revolt.
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Bipogram 3 days ago +11
But the lag to regain normal production will be measured in years.
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Latter-Corner8977 3 days ago +11
Highly educated people rioting.
11
ImS0hungry 3 days ago +21
Because they will have extra time from being unemployed.
21
Mobe-E-Duck 3 days ago +14
Money is worth less, stocks are worth more by comparison. Oil is the world’s reserve economy. If you can’t buy that what is money worth?
14
rabbitthunder 3 days ago +27
Everyone knows Trump is manipulating the market and traders are going along with it. It's like a pyramid scheme, it will work until it doesn't and then the fallout will be spectacular. The orange turd is going to make 2008 look like a dimple and you can all wave bye-bye to your pensions.
27
chiringuitosrl 3 days ago +22
Idk, maybe because it will kill consumption? untill the shit hits the fan, it's better to pretend everything will be allright or people will consume less. Me, for example, I requested at work for a holiday in july, and I've been really really reluctant to book my flight. If at the end of the month the strait it's not open I will travel locally
22
Thunde_ 3 days ago +6
It was talked about the first weeks of the war. I think they are to afraid to say anything about a shortage, to prevent panic. If news coming out that we could get a shortage of fuel in a few weeks people start to buy up the supplies.
6
Snow_Tiger819 3 days ago +11
From a purely personal perspective I have a flight to Europe in June and I've been following this for a while and have \*no idea\* why it's not being covered, or even mentioned, by the media. It feels inevitable that lots of flights will be cancelled (production isn't a tap that's going to get turned back on any day now) but everyone is acting like everything is fine and normal.
11
flapjaxrfun 3 days ago +20
Stock market is a graph of rich peoples feelings and trump gave them a huge tax break. I don't think there's more to it.
20
BigBoyYuyuh 3 days ago +4
VIBES BABY! We’re starting wars based on vibes, the market is running on vibes. It’s going to be absolutely catastrophic for anyone not in the top upper class when the vibe market crashes (like always because running on vibes is stupid.)
4
Remad7 3 days ago +12
Because it’s not true. A day in 6 weeks just doesn’t arrive and all of a sudden there’s zero jet fuel. There will still be jet fuel just with consolidated flights and marginally less air traffic. It’s all completely misleading.
12
Drakengard 3 days ago +7
Because the market is an irrational increasingly devoid from 99% of society mechanism. It's the same reason why the market is massively up while most people are increasingly feeling day to day life getting more and more unsustainable over the past two decades (and arguably longer since this didn't just start then).
7
ledow 3 days ago +1546
How much do we NORMALLY have in reserve? Are we only, say, stockpiling 2 months of jet fuel normally? In that case, doesn't seem like a reason to panic just yet.
1546
ledow 3 days ago +1643
P.S. Because I was interested: "OECD Europe jet fuel inventories typically decline from 37-38 days of forward demand at the start of the year to around 30 days by mid-year.  Since 2020, stocks have not averaged below 29 days of cover." https://www.argusmedia.com/en/news-and-insights/latest-market-news/2813935-europe-replacing-just-50pc-of-lost-mideast-jet-iea So actually... I've just confused myself even further by looking for actual, real data. Turns out... we're worrying about having MORE jet fuel than we would normally have...
1643
Wiggles69 3 days ago +473
Yeah, but after this week's worth of fuel, and the other 2 weeks worth of fuel, we'll only have 3 weeks worth left! I kid, thanks for digging up numbers. Nothing in this moddle east situation makes any damn sense
473
Naturage 3 days ago +166
The way I'm reading it is: we keep a month's stockpile; and the ships that crossed the strait in time will replenish it for a couple more weeks. Then we're running on stockpile for a month. And then we'll run out for good.
166
EnigmaticSpaceCowboy 3 days ago +48
Yes, it’s clear that we’re running on reserves right now and we’re careening towards an economic cliff. I think the ultra wealthy and governments already see this, they’re bracing for impact and making money moves behind the scenes.
48
LaDmEa 3 days ago +55
The ships didn't stop making port until this week. They travel at the speed of a bike around africa. So there was weeks of oil in transit until basically the last week or so. If the strait opens today europe might run out before new ships arrive. So we are in a critical phase where every day starts to count. The rough part hasn't happened yet. It's like tsunami detection. Everyone's cell phones ring before the actual event because there's only about 750 milliseconds of internet delay between sides of the world. https://imgur.com/a/vR7i0bP the straight is empty of all the tanker ships that need to be in it. There's a fleet just hanging out waiting for this to be over.
55
Blueberryburntpie 2 days ago +8
There's a second group of empty tankers hanging out around Singapore. And a third group that set sail for the US to try to pick oil from there. Which means sailing around the southern tip of Africa and then across the two Atlantic Oceans.
8
Killboypowerhed 3 days ago +21
Solid Simpsons reference
21
downlow-throw 3 days ago +23
As a kid I just thought Barney was a funny drunk with that line. Now as an adult alcoholic, this is exactly the thought process when grabbing a beer from the fridge. You don’t think about the unopened one in your hand, you’re looking at the next one and how many are left after that. The Simpsons really had some genius writing in their heyday.
23
Caramel-Secure 2 days ago +4
Thank you Barney!
4
uberares 3 days ago +102
I think the difference here that is important is that while they kept those days of jet fuel on hand, and had some reserves, we are now at a place where new supplies are not being delivered to keep that system at the same equilibrium. So while normally there is roughly 30 days of supply, there were ships coming in every day with said fuel, to keep it at that level even with daily draw downs for use. Now there are likely few to no ships coming in to replace said daily use of fuel and reserves are likely being close to running out as well, hence the calls for 6 weeks of JF left.
102
ledow 3 days ago +44
Quite. But it's disingenuous as a quote / threat / article / headline as it is. "We have adequate and normal supplies for now, but we need to ensure we retain that moving forward" is FAR MORE an accurate headline / thing to say without deliberately invoking some kind of panic over something that's not going to be an issue for (potentially) months.
44
Heathens-_- 3 days ago +17
I mean that isn't really far more accurate. It's just a lengthier explanation. It's more than likely going to be an issue sooner than later and ignoring it until its an actual problem isn't going to help anyone. The situation in Iran is creating shockwaves around the world that are problematic for what is typically a "normal".
17
SatanicPanic619 3 days ago +16
I don’t understand your issue though. When it looks like things are going to run out it does make sense to talk about how much is left. With things as they are, we know there’s not more coming, right? 
16
r2k-in-the-vortex 3 days ago +36
30 days of reserves means 30 days with zero new fuel arriving. Out of fuel in 6 weeks means you run to zero even with new fuel arriving.
36
chromegreen 3 days ago +20
Your own source states that the situation is actually worse than what is stated in the OP article. "The IEA assumes that around 20pc of jet fuel inventories act as an operational cushion that cannot be readily drawn down without disrupting supply systems. On that basis, physical shortages could emerge if inventory cover falls to below 23 days, it said. Airports association ACI Europe warned the European Commission last week that fuel shortages could become a reality [within just three weeks.](https://direct.argusmedia.com/newsandanalysis/article/2812577) Some European countries hold as little as 20 days of jet fuel inventory, it said. Both ACI Europe and the IEA cautioned that shortages could lead to flight cancellations and demand destruction." Did you really not read the paragraph below the one you quoted?
20
Qualityhams 3 days ago +22
It does because it takes weeks to travel the ocean and oil hasn’t been leaving the region since the end of February?
22
oneofakind_2 3 days ago +35
That attitude wouldn't get people clicking on your headline though, would it?
35
Confusion_of_Goblins 3 days ago +374
The last tankers out of the Middle East from before the war made it to port. Even if everything opened back up today production capacity is reduced because of the attacks on oil infrastructure. There are going to be shortages. Who knows exactly how bad it will get but when ~20% of something suddenly disappears the results are never pretty. Edit: fixed some clunky phrasing
374
TechnEconomics 3 days ago +98
They know how bad it is. Normality is October/November if it stopped today according to analysts.
98
EnigmaticSpaceCowboy 3 days ago +45
We’re in for a blood bath by summer.
45
PassionInitial7487 3 days ago +16
Even if the Strait opened today, I'm sure most tankers would be thrilled to leave, but how many would re-enter? I know for a fact tankers are still avoiding the Suez because of the Houthis, and that was years ago.
16
firefighter26s 3 days ago +19
Not only that, but the idle tankers that would normally shuttle to and from those ports in the middle least are now being sent to alternative locations that are up to three times to travel distance. Asia to the middle east vs Asia to the Gulf of Mexico is something like 22 days vs 56 days. Even if the strait opened up, a lot of those tanker assets have been set to alternative locations to attempt to maintain the flow of oil and would need to finish their current route and reposition back.
19
yahoonews 3 days ago +613
[AP reports](https://uk.news.yahoo.com/europe-maybe-6-weeks-jet-105138513.html?ncid=listnooknewsus): Europe has “maybe 6 weeks or so (of) jet fuel left,” the head of the International Energy Agency said Thursday in a wide-ranging Associated Press interview, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war. IEA Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced,” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz. “In the past there was a group called ‘Dire Straits.’ It’s a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world," he said. The impact will be “higher petrol (gasoline) prices, higher gas prices, high electricity prices,” Birol told AP, with some parts of the world “hit worse than the others.”
613
MajimaBuu 3 days ago +882
> "In the past there was a group called 'Dire Straits'. It's a dire strait now" What is happening
882
Ingliphail 3 days ago +457
Gotta move a refrigerator.
457
Sunnyday1775 3 days ago +160
We got no use for microwave ovens
160
badfuit 3 days ago +130
We got to move these colour TVs.
130
wowaddict71 2 days ago +13
I want my MTV 🎵🎶
13
Poems_And_Money 3 days ago +41
God I love that song. Got to listen it again now.
41
Antelope-Subject 3 days ago +70
That redacted he’s a millionaire.
70
BaconContestXBL 2 days ago +8
In current live performances “little f*” has been replaced “mother trucker.” It’s a change I like.
8
darkbee83 3 days ago +9
You got to run on heavy, heavy fuel.
9
Level9TraumaCenter 3 days ago +4
Right on, my brother in arms.
4
natigin 3 days ago +16
That song has no right banging as hard as it does
16
arggggggggghhhhhhhh 2 days ago +28
Uh yeah it does. Mark Knopfler, in addition to having one of the coolest voices, is an exceptional guitarist and really knew how to produce top of the line guitar tones. This was a popular band for a reason lol. Listen to more of their music if you haven't. Sultans of Swing should be familiar.
28
foghillgal 3 days ago +89
Money for nothing  and chicks for free 
89
Savings_Background50 3 days ago +12
Is it chicks or cheques (checks if you Yank) for free? Because I swear I've seen lyrics that say both, and both make sense in that line.
12
JohnHazardWandering 3 days ago +20
Chicks (aka ladies)
20
Nufonewhodis4 2 days ago +5
Birds for you Brits 
5
selfownlot 3 days ago +45
Clearly wishing the Sultans of Swing were around to get the Middle East out of this mess.
45
ddz1507 3 days ago +51
Them yo-yos
51
Mc_Poyle 3 days ago +8
I want myyyyyy
8
Sunnyday1775 3 days ago +6
They are doing the walk of life
6
Santzes 3 days ago +15
Shit is hitting the fan so massively that he is just trying to pivot his career to hosting a Late Night Show
15
Automobills 3 days ago +38
The band was so good at being badass, an idiom soon came about... Nowadays the expression "in dire straits" means to be in a very difficult, desperate, or dangerous situation, usually involving financial hardship or severe trouble. You can't have your money for nothing and chicks for free too.
38
CheekyMunky 3 days ago +153
In case anyone who reads that thinks it's real: the band took its name from the idiom, not the other way around. It's an old nautical expression.
153
auxaperture 3 days ago +33
No, please, let him screw up AI responses
33
jools4you 3 days ago +6
There is a story of 2 police officers working at Live Aid. Thinking these lads were in direct straits and had to leave the stadium immediately https://www.bbc.co.uk/bitesize/articles/zrynjfr
6
PeterDTown 3 days ago +126
Those inflation comments don’t even begin to capture the implications that we’re all about to face. Coming out of COVID, the first indicator of what we were about to face in inflation was that shipping containers shot up in price. Not by 20% or 30%, but by 10x their pre-pandemic prices. We’re halfway back to that high water mark already. Also, the costs of raw goods, the input costs for all manufacturing, are shooting up at an insane speed. Not to mention that the war has cut off 30% of the world’s fertilizer. There is no avoiding it at this point, the incoming inflation is baked in, and it will be at least as bad as post-COVID inflation was. Depending on how long this war drags on, it could end up being much worse.
126
pchs26 3 days ago +28
It is partly due to straight to shelf supply chain processes meant not to overproduce based on projected demand. So there was a shortfall of supplies and they had to catch up on manufacturing which caused shortages/prices to skyrocket. And then some companies wanted to keep the watermark higher then at that point for higher profits.
28
illegible 3 days ago +27
Seems almost like inflation is driving the markets up, since there is no other place to put your money to keep pace w inflation
27
pchs26 3 days ago +15
The issue at least in the US is we will have stagflation. low employment, income with inflated costs. That is unfort best case scenario right now.
15
Decent-Law-9565 3 days ago +16
The last time we had stagflation the only fix was to jack up interest rates to 20% and cause a big recession. At the time, the debt was about 30% to GDP. If we jacked up interest rates now, it would be a tragedy because taxes would not convert *the interest* of 20% of the current national debt, assuming the budget was $0. In other words, this will be at minimum as bad as the Great Recession if not even worse because the leadership is incompetent and not willing to make the required sacrifices.
16
pchs26 3 days ago +9
Oh agreed - we have to hope for a recession right now. Which is basically the point I have also been making about the middle class needing to rely on investing in a stock market that is being manipulated in unprecedented ways.
9
Decent-Law-9565 3 days ago +3
I'd argue we're already in a partial recession, all the AI spending and stock market speculation is just hiding it. Even if it's not a recession by technicality, it sure does feel like one to lower middle class and below. Gas prices are already 25% higher now and for the people living paycheck to paycheck that's very significant.
3
koshgeo 3 days ago +40
This guy is going to preside over two of the biggest spikes in inflation in recent history. The first was largely not his fault, and mostly beyond his control (global pandemic), though the next guy got blamed for a lot of it because this scale of economics takes time to unfold. Now, he's personally responsible for the stupid decision to go to war with Iran that created a new "Trumpdemic". And to think, some fraction of people in the US think this guy is a good businessman and leader even though they are reminded of the effects of his decision every time they fill up at the pump.
40
Strange-Future-6469 3 days ago +43
He pulled pandemic scientists out of China (which took decades of soft power to place) right before Covid. He let Covid run rampant because it was affecting blue cities the worst at first. It's likely Covid could have been much better contained and suppressed had we not had a despot as President.
43
pchs26 2 days ago +6
The first was totally his fault. He defunded the pandemic response team which sole purpose was to contain viruses in other countries and mitigate their spread. There was also a stockpile of resources that he defunded maintaining ,where meant for pandemic conditions. If he had followed the science covid may never have become such an outbreak. The 2nd buy managed to make a soft landing which was considered practically impossible, but corporations were very unhappy with regulations, middle class hand, the positive job market etc, so went back to this guy to give them the recession that only a few people find to be a benefit.
6
rlovelock 3 days ago +38
But my holiday is 7 weeks away!!
38
DannyDOH 3 days ago +5
You’re all going to starve but I have puns.
5
IntelArtiGen 3 days ago +703
Isn't that misleading? How many weeks does Europe have usually? And is the supply entirely blocked?
703
mmoore327 3 days ago +347
Exactly what I was wondering - suspect it’s not much more than that normally
347
Oerthling 3 days ago +204
But usually there is an ongoing stream of new supply coming in.
204
mmoore327 3 days ago +73
I understand that, but there is plenty of time to source from different suppliers as it is a global commodity just like Oil and will just come down to what countries are willing to pay so given that most countries in Europe are relatively wealthy it should result in things getting expensive and not European countries actually running out of jet fuel as is implied by the headline.
73
Oerthling 3 days ago +42
Yeah I doubt all flights will be grounded in a couple of months. But air travel will get more expensive. Which in turn will hit various tourism target locations as people vacation with train or car range.
42
uberares 3 days ago +19
Youre talking about demand destruction, which will then in turn create a recession or worse.
19
CJKay93 3 days ago +81
I don't think you are truly considering the knock-on effects of an actual fuel shortage. If Europe consistently out-bids Asia for fuel then, sure, we have fuel... but if Asia doesn't then you can only send a ship or a plane in one direction. To make a return journey, you need to be able to refuel at both ends.
81
Greedy-Mechanic-4932 3 days ago +19
Can't the plane just take it with them? /s
19
ulul 3 days ago +12
That's apparently what they advise for shorter flights.
12
Geedunk 3 days ago +5
The end result being consistent in that we get fucked paying for the difference :(
5
limpdickandy 3 days ago +27
Its all a network, and when one branch of a very specialized industry collapses (Jet Fuel), it is not like the rest of the world that is not affected by this due to their imports not being impacted are gonna suddenly let other countries have that Jet Fuel and go without it themselves. There are many steps to converting oil into jett fuel, and it requires refineries that are specialized for only that. So when a portion of that industry breaks, it leaves many countries without anywhere to buy it from.
27
uberares 3 days ago +11
I dont think you understand. Not many places are capable of delivering the BPD (barrels per day) that these gulf facilities are. Sure, you might find someone else that has the ability to load ships, but can they load enough ships and fast enough, and that is the big rub right now.
11
mmoore327 3 days ago +5
The gulf states aren't even the largest exporters of Jet Fuel... Korea, United States, Netherlands, Singapore, India, Venezuela all ship more than the 1st gulf state on the list - Behrain.
5
uberares 3 days ago +9
Go look up how much capacity those places have. I mean capacity to load daily, not production capacity.
9
hambob 3 days ago +23
only to a point. its not like you can overnight another tanker of oil. flying it in will raise the cost significantly.
23
Qualityhams 3 days ago +6
This is a wild take bc usually the supply is not disrupted.
6
mikasjoman 3 days ago +87
75% of airplane (JetA) fuel used in Europe comes from the middle East.
87
Diarmundy 3 days ago +24
Probably through the red sea though?
24
yakovgolyadkin 3 days ago +44
The vast majority of that has to get loaded somewhere before it gets to the Red Sea, and a huge majority of Middle East oil is loaded in the Persian Gulf so has to go through Hormuz before it gets to the Red Sea.
44
uberares 3 days ago +14
And other places simply dont have the capacity to load enough ships fast enough. People dont realize these facilities have max loading rates and can only be "turned up" so much.
14
lollipoppizza 3 days ago +10
A huge amount of oil infrastructure in the gulf was destroyed (not just around the strait of Hormuz)
10
madogvelkor 3 days ago +17
Looks like it varies by country but usually they have 90 days overall. So they're at half the usual reserves.
17
potato_face1234 3 days ago +10
about 6 weeks apparently, the point is there no more fuel on its way.
10
Candid_Cat_5921 3 days ago +110
The world is in such a disconnect between top news and world status. Another thing not being talked about is farmers can’t get fertilizer (which is almost entirely produced using fossil fuels). Yields are going to drop, and an insane amount of ground won’t be planted. It’s happening right now, and in a year there is going to be worldwide famine.
110
igotublue 2 days ago +42
It's so f****** weird. It's like everyone knows what's going on, but everyone is just going on as usual and pretending everything is normal waiting for something to happen. What's gonna happen? No idea!
42
Eatpineapplerightnow 2 days ago +34
trump did that. And just now he made a deal with Iran agreeing to not acquire nukes - like the one we had before. so we are 100% back where we started.
34
DifferenceNo3000 3 days ago +142
if the straight of hormuz transports 20% of the worlds oil supply, and 70% of that lands in either china, india, japan, or south-korea. They all, except china, use it for power, transport, industry, petrochemicals, china does not use it for power. South-Korea however does export some of the petrochemicals they make, mostly to asia and africa. 70-80% of jetfuel is produced in europe, by europeans, netherland, fermany, france, and italy. Roughly 70-80% of that oil is from europe, africa, or the us. Overall the math aint matthing, europe should not be running out of jet fuel in 6 weeks. Modern fuel systems are not limited by total supply, but by flow coordination, refinery constraints, and logistics timing, which means that it wont really run out, but it is a logistical problem. And problems have solutions, and the solution here is what has alternatives that work, use those alternatives, such as cargo, that could be transported via rails, boat, or truck, reduce how often certain international and internal flights run. Anyway, most will run, but some wont.
142
ivar-the-bonefull 2 days ago +28
Only about 7% of the oil imported to Europe come through the strait. So no, the maths make no sense at all. At least not with the war being the sole reason, which it obviously isn't.
28
Upset_Ad3954 3 days ago +12
But say, by back of the envelope calculations, that Europe can only produce 50% of its usual jet fuel. That will be massive disturbances in air traffic.
12
anxietyastronaut 3 days ago +8
Why would Europe only be able to produce 50% of its usual jet fuel?
8
Upset_Ad3954 3 days ago +10
Because if you get 70% of your normal quantities of oil we will have to prioritize. If we'd produce as much jet fuel as before then we'd produce much less diesel than normal. And yes, I just took 70% of oil and 70% of normal share of jet fuel. This is perhaps a less likely scenario, I don't know? I just don't think we can assume there will be the same proportions of what is produced.
10
CompetitiveFennel589 3 days ago +29
It's a fake boom to let the rich out high and then they crash the market And re invest -75% lower And all the articles say well it was inevitable as the war was soon to have a huge effect on markets
29
nunziaman 3 days ago +115
Sorry if they had 6 weeks left, they would already be asking airlines to cancel flights to ensure the drop off is extended
115
CounterComplex6203 3 days ago +61
They're cancelling, and they're also grounding their planes and putting them on storage already for weeks. This news isn't new either, this projection is out there for weeks as well. The media just doesn't pick it up
61
EnigmaticSpaceCowboy 3 days ago +11
there’s been alarmingly poor journalism over the last decade. i firmly believe in the modern age we need to focus not on words and plans, but actions and deliverables. It paints the real picture, what is actually going on. I think we’re all just hoping things get better but we’re at the top of the roller coaster where it’s calm right before the fall.
11
Zolba 3 days ago +54
Airlines are cancelling though...
54
Several_Ant_9867 3 days ago +18
Luckily the Lufthansa pilots are striking in Germany and a lot of flights were canceled this week, so a lot of fuel was saved
18
box-o-locks 3 days ago +7
This has also got to have massive issues for the countries that would normally be selling this fuel. Surely they're not just going to sit back and watch their income disappear.
7
tactis1234 3 days ago +42
Luckily I am flying to the UK from the US on 05/19. Let's hope I can get back 10 days later lol.
42
Azzyally 3 days ago +25
Those are typically high revenue flights so I would not expect those to be the ones that are cancelled.
25
vipros42 3 days ago +44
A week ago they were saying we had maybe three weeks left.
44
linkardtankard 3 days ago +28
I want my MTV!
28
bonobo_i 3 days ago +11
Me to, and that's why we got to move these color TV'iiiiiiiiiiiiiiiiiis
11
Sunnyday1775 3 days ago +5
I shouldn’t have learned to play the guitar
5
aethelberga 3 days ago +5
Just in time for the world cup.
5
Treanwreck 3 days ago +9
Sweet, I leave for Europe in 5 weeks
9
RespectTheTree 3 days ago +16
He's not playing 4D chess, just a poor game of p****. He's hoping everyone will fold and help clean up Iran.
16
Constant_Section1491 3 days ago +7
Have they said thank you for the blockade?
7
smurferdigg 3 days ago +4
Guess I will be suck on vacation then.. Nice.
4
lulu_l 3 days ago +13
we should start rationing by scaling down the passenger flights from europe to the us and cargo flights from the us into europe if possible.
13
No_Eggplant5971 2 days ago +18
And ground private jets.
18
Qanaesin 3 days ago +14
When they cancel flights to conserve fuel that’s when we will start believing them
14
uberares 3 days ago +13
[https://www.euronews.com/travel/2026/03/18/sas-to-cancel-1000-flights-in-april-after-jet-fuel-price-doubles-in-10-days](https://www.euronews.com/travel/2026/03/18/sas-to-cancel-1000-flights-in-april-after-jet-fuel-price-doubles-in-10-days) Demand destruction comes in before that typically, and we are hitting demand destruction as prices skyrocket.
13
zazzazin 3 days ago +3
Good thing my flying travel plans end in 4 weeks ✌️.
3
ALWAYS_have_a_Plan_B 3 days ago +3
Shut it all down.
3
Fritz46 3 days ago +3
Art of the deal - Don Tzu
3
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